ACCFINANCE® MICRO

Micro Loans enable the livelihoods of millions of people in developing nations worldwide.
Micro Finance services are typically provided to low-income individuals in rural areas who
traditionally lack access and the general know-how in obtaining banking and related
services.

In Sri Lanka alone, there are over 1 million people who are recipients of Micro Loans. A
majority of these customers are spread across the island where there are no bank branches
leave alone internet connectivity. Agents have to travel across the country to visit customers
and collect payments. These collections were done on a paper based system where the
reconciliation to the banking system happened at close of business. The process was
lengthy, time consuming and error-prone. ACCFINANCE MICRO eliminates all these issues!

The powerful NFC (Near Field Communication)/GPRS based Point of Sale solution which
connects to the core financial systems of finance institutes, provides real-time updates from
field agents. This minimizes risk, delays and assists in account reconciliation efforts from even the most remote of locations.

All collection agents from these finance companies are armed with Point of Sale Devices
approved by the payment card industry and can accept payments through NFC cards,
Credit/Debit cards as well, enhancing customer payment experience.

Key Benefits of ACCFINANCE MICRO

Real-time updates from the field minimizes risk and unnecessary delays.

Reconciliation of accounts and payment history can be easily done due to centralization
of system and accounts.